Change - Announcement of Cessation::Retirement of Independent Director

Issuer & Securities

Issuer/ Manager
ADVANCE SCT LIMITED
Securities
ADVANCE SCT LIMITED - SG1Q38922098 - 5FH
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
21-Mar-2018 21:30:56
Status
New
Announcement Sub Title
Retirement of Independent Director
Announcement Reference
SG180321OTHR6CJP
Submitted By (Co./ Ind. Name)
Monica Kwok
Designation
VP
Effective Date and Time of the event
06/04/2018 00:00:00
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr. Lee Suan Hiang as an Independent Director at the conclusion of the Annual General meeting of the Company to be held on 6 April 2018.

Additional Details

Name Of Person
Lee Suan Hiang
Age
67
Is effective date of cessation known?
Yes
If yes, please provide the date
06/04/2018
Detailed Reason (s) for cessation
Mr. Lee Suan Hiang, a director retiring under Regulation 104 of the Company's Constitution, has indicated that he does not wish to stand for re-election at the Company's forthcoming annual general meeting to be held on 6 April 2018 (the "AGM") due to personal reasons and commitments. Accordingly, Mr. Lee will retire at the conclusion of the AGM and will relinquish his roles as the Lead Independent Director, Chairman of the Nominating Committee and member of the Audit and Remuneration Committees.
Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting?
No
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
No
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
01/01/2014
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Director, Chairman of Nominating Committee and member of Audit and Remuneration Committee.
Role and responsibilities
Assumed the roles and responsibilities of a Lead Independent Director, Chairman of Nominating Committee and member of Audit and Remuneration Committee.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Shareholding interest in the listed issuer and its subsidiaries?
No
Past (for the last 5 years)
Please refer to the attachment.
Present
Please refer to the attachment.

Attachments

Directorship_Lee_Suan_Hiang.pdf
Total size =17K